KT ADR had its Relative Strength (RS) Rating upgraded from 69 to 73 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if KT ADR can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear an appropriate buy point.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -3% to 42%. Revenue rose from -5% to 2%.
The company earns the No. 3 rank among its peers in the Telecom Services-Foreign industry group. VEON ADR is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
